Federal energy regulators approved the New England grid operator's controversial plan to keep an outdated energy rule in place for an extra two years.
A controversial rule that makes it harder for renewable energy projects to participate in one of New England’s lucrative electricity markets will remain in place for another two years.from the regional grid operator, ISO New England, to keep the so-called minimum offer price rule — or MOPR — until 2025.
By keeping the MOPR around longer, Melissa Birchard of the Acadia Center says it will be harder for the New England states to meet their decarbonization goals. Notably, Friday’s decision from the Federal Energy Regulatory Commission, which oversees the New England grid operator, was not unanimous. Four out of five members voted in favor of the plan, though some, like Commissioner Richard Glick, did so reluctantly.that he would have preferred to see the grid operator, ISO New England , eliminate the rule immediately.
So far, the rule has presented the biggest problem for offshore wind — a budding, clean energy industry that Massachusetts and some other New England states are banking on to meet their climate goals.— the first utility-scale offshore wind farm set to be built near Martha’s Vineyard — to bid $12.76 per kilowatt month. The auction cleared closer to $2, meaning the project never stood a chance of getting a spot in the market.
Critics of the MOPR say the cost of keeping it in place for another two years extends beyond higher carbon emissions. It may literally cost you more money if you are a New Englander paying for utilities. By shutting out new, cheaper renewables, prices at the on-call auction end up being higher. And that cost gets passed onto consumers.
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